{"id":4847,"date":"2021-10-21T12:55:06","date_gmt":"2021-10-21T12:55:06","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all"},"modified":"2021-10-21T13:20:52","modified_gmt":"2021-10-21T13:20:52","slug":"financial-literacy-a-responsibility-for-all","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all","title":{"rendered":"Financial literacy, a responsibility for all"},"content":{"rendered":"

Africa-Press<\/a> – Lesotho<\/a>. <\/strong><\/span>The Central Bank of Lesotho (CBL) Governor Dr. Ret\u0161elisitsoe Matlanyane, speaking at the closing event of the Lesotho Money Month campaign, highlighted the<\/p>\n

importance of engaging with members of the public to deepen their knowledge and understanding on how they can use their money wisely and avoid financial loss<\/p>\n

due to scams. Matlanyane said financial literacy clearly has a role to play in overcoming several barriers to financial inclusion. She added that it can improve levels of<\/p>\n

financial capability and help the country overcome financial vulnerability caused by poor management of personal and national resources. She further said it can also help people to learn about technological innovations aimed at<\/p>\n

reducing geographical barriers. However, education will not work in isolation and financial consumer protection and well-designed regulation, as well as<\/p>\n

incentive mechanisms to encourage behavior change should all be considered equally important parts of the overall policy toolkit to improve financial inclusion.<\/p>\n

\u201cI would like to say that in a small country like ours, with an aspiring population, financial literacy is a responsibility of us all and we highly<\/p>\n

recommend a multi stakeholder led approach to achieve financial wellbeing of all. Going forward, increasingly, educational institutions, industry bodies and<\/p>\n

other stakeholders should come forward to shoulder the responsibility of increasing financial literacy through appropriate awareness campaigns. I humbly<\/p>\n

invite all Basotho to be associated with our mission of nation building through creation of a financially empowered and active Basotho,\u201d she said. Matlanyane<\/p>\n

said campaigns such as Lesotho Money Month are intended to increase financial inclusion and access to credit in the country. These two financial inclusion and access<\/p>\n

to credit have been identified as some of the key ingredients for achieving accelerated and sustainable economic transformation of the country. She said in order for financial<\/p>\n

inclusion to be a reality, it is necessary to inculcate financial literacy to businesses and households so that that they are able to utilize financial<\/p>\n

services in an effective and responsible manner. Businesses and households require support in order to understand what savings and investment, transfer, loan, and<\/p>\n

other financial services are available to them, and how much they cost, how to access and use them effectively and responsibly. \u201cI was much impressed by these numerous events that focused on<\/p>\n

the 2021 theme \u2018Take care of yourself, Take care of your money\u2019 that engaged Basotho and imparted critical financial literacy skills that are necessary to<\/p>\n

build financial confidence in them and in the process help us build resilient society and economy,\u201d she said. The Governor emphasized that businesses and households need to be<\/p>\n

made aware of the risks that continue to emerge in the financial services sector, so that they are able to recognize fraudulent schemes and avoid losing<\/p>\n

their hard-earned money. She said there have been incidents where the public lost money, some life-time savings to fraudulent schemes with devastating<\/p>\n

consequences and they do not wish to see a repeat of that. \u201cIt is through initiatives such as the Lesotho Money Month Campaign that the Government of Lesotho, in partnership with all the participating institutions, seeks to<\/p>\n

achieve this ideal. \u201d Lesotho Money Month Campaign is an extension of the Global Money Week Campaign. \u201cThe Global Money Week Campaign is a global celebration with events and activities aimed at inspiring children,<\/p>\n

youth and adults to learn about money, saving, creating livelihoods, gaining employment and becoming entrepreneurs. It is an annual celebration that takes<\/p>\n

place during the week of March, and it is celebrated through a number of activities worldwide such as events, activities, projects, launches and competitions,\u201d states the CBL on their website.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The Central Bank of Lesotho (CBL) Governor Dr. Ret\u0161elisitsoe Matlanyane, speaking at the closing event of the Lesotho Money Month campaign, highlighted the importance of engaging with members of the public to deepen their knowledge and understanding on how they can use their money wisely and avoid financial loss due to scams. […]<\/p>\n","protected":false},"author":84,"featured_media":4846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,948,245,947],"class_list":["post-4847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-financial","tag-lesotho","tag-matlanyane"],"yoast_head":"\nFinancial literacy, a responsibility for all - Lesotho<\/title>\n<meta name=\"description\" content=\"The Central Bank of Lesotho (CBL) Governor Dr. Ret\u0161elisitsoe Matlanyane, speaking at the closing event of the Lesotho Mo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial literacy, a responsibility for all\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Lesotho (CBL) Governor Dr. Ret\u0161elisitsoe Matlanyane, speaking at the closing event of the Lesotho Mo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-21T12:55:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-21T13:20:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/10\/img-6171691890a53.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"745\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Financial literacy, a responsibility for all\",\"datePublished\":\"2021-10-21T12:55:06+00:00\",\"dateModified\":\"2021-10-21T13:20:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all\"},\"wordCount\":607,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/10\/img-6171691890a53.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Financial\",\"Lesotho\",\"Matlanyane\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/financial-literacy-a-responsibility-for-all\",\"name\":\"Financial literacy, a responsibility for all - 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